Questions swarm Maharlika Investment Fund as it lands in Senate

Senators took turns in examining the Marcos administration’s proposed Maharlika Investment Fund, with concerns about investment gains and governance structure brought to the fore......»»

Category: financeSource: philstar philstarFeb 1st, 2023

‘Maharlika to have 6 to 11% yield in 10 years’

The Senate committee on banks and financial institutions wrapped up yesterday its hearings on the proposal to put up a Maharlika Investment Fund that economic managers said can have an average yield of anywhere between six percent and 11 percent in 10 years......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2023

Maharlika fund moves forward at Senate as committee hearings end

Bills that seek to create the controversial Maharlika Investment Fund have moved forward in the Senate as Sen. Mark Villar ended public hearings by his committee and referred the measures to a technical working group......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2023

Outright jail vs agri smugglers

The economic managers of President Ferdinand “Bongbong” Marcos Jr. are scheduled to present today before the Senate the administration’s version of the proposed multibillion-peso Maharlika Investment Fund......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2023

Economic managers brief senators on Maharlika fund

Economic managers briefed senators yesterday on the proposed multibillion-peso Maharlika Investment Fund, a priority measure of the Marcos administration that is meeting some resistance in the Senate......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2023

Lawmaker seeks OFW sovereign fund

A sovereign wealth fund for overseas Filipino workers is what a lawmaker wants to set up even as controversy surrounds the bill proposing the Maharlika Investment Fund that has yet to hurdle the Senate......»»

Category: newsSource:  philstarRelated NewsJan 28th, 2023

Privatization of gaming agencies to raise P300 billion – Drilon

The government can generate some P300 billion for the proposed Maharlika Investment Fund by privatizing the Philippine Amusement and Gaming Corp. and Philippine Charity Sweepstakes Office, former Senate president Franklin Drilon said on Thursday......»»

Category: newsSource:  philstarRelated NewsJan 28th, 2023

Senate to study Maharlika fund as minority warns against rush

Senators said they will “definitely be studying” the controversial Maharlika Investment Fund after President Marcos certified it as urgent......»»

Category: financeSource:  philstarRelated NewsDec 16th, 2022

Economy-boosting Maharlika fund to be closely monitored – Villar

The proposed Maharlika Investment Fund will help ensure the country’s sustained and long-term growth through investments in big-ticket infrastructure and green projects, and will be closely monitored using global accounting and auditing standards, Sen. Mark Villar said yesterday......»»

Category: newsSource:  philstarRelated NewsMar 21st, 2023

Singapore’s Temasek eyes investment in Maharlika fund

Temasek Holdings Ltd., the nearly five-decade-old sovereign wealth fund of Singapore, has reportedly expressed interest in investing in the proposed Maharlika Investment Fund, the Philippines’ own version still being deliberated by lawmakers......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2023

Philippines must learn from Malaysia in creating Maharlika – Anwar

Before it pushes through with the establishment of a Maharlika Investment Fund, the Philippines should learn from Malaysia’s experience in dealing with a financial scandal that involved its former leader and private financial institutions, visiting Malaysian Prime Minister Anwar Ibrahim said yesterday......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2023

Diokno bucks removal of bank funds for MIF  

Finance Secretary Benjamin Diokno is against proposals to scrap the planned contributions of the central bank and state-run banks to the Maharlika Investment Fund, as he maintained their contributions’ potential to contribute to economic growth......»»

Category: newsSource:  philstarRelated NewsFeb 24th, 2023

Is BSP still independent?

Watching the Senate hearing on the Maharlika Fund last week, I wondered if the BSP is still independent......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2023

Wala pang pag-aaral sa mapagkukunan ng pondo sa Maharlika – Escudero

MANILA, Philippines – Sinabi ni Senador Francis Escudero na wala pang pag-aaral sa pagkukuhanan ng pondo para sa proposed Maharlika Investment Fund (MIF). “Kada araw nagbabago depende kung sino ang kausap mo, nagbabago depende kung sinong congressman at senador ang kausap mo na nagsusulong nito. May kanya kanyang opinion sila, ang pinagbabatayan ko lamang ay […] The post Wala pang pag-aaral sa mapagkukunan ng pondo sa Maharlika – Escudero appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsFeb 19th, 2023

Scrap funding from Land Bank, DBP to make Maharlika more palatable — think tank

A local think tank warned that if the current version of the Maharlika Investment Fund is passed into law, it could spread contagion on the Philippines’ financial system......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2023

Maharlika, ROTC, RCEP among Marcos priority bills

The executive branch and Congress have agreed to push for the passage of 10 priority bills by June 2, including the measures on the mandatory Reserve Officers Training Corps and the Maharlika Investment Fund, Malacañang said yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 14th, 2023

SC asked to void Marcos certification of Maharlika bill as urgent, House passage

Members of the Makabayan bloc asked the Supreme Court to void President Ferdinand Marcos Jr.’s certification of the House bill on the Maharlika Investment Fund as urgent and its subsequent passage in the lower chamber of Congress......»»

Category: newsSource:  philstarRelated NewsFeb 13th, 2023

GCG guarding Maharlika Fund’s final form

The Governance Commission for GOCCs is carefully looking into what the final form of the proposed multibillion-peso Maharlika Investment Fund will be, even as it expressed support for its creation......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2023

Marcos says 3 Japanese firms looking to invest in Maharlika Wealth Fund

The Marcos Jr. administration said they’ve secured commitments from three Japanese firms to invest in the Maharlika Investment Fund, as the government tries to drum up support for the controversial bill......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2023

‘High-ranking Japan exec interested in Maharlika’

A high-ranking official of one of Japan’s leading financial institutions has expressed strong interest in the proposed Maharlika Investment Fund and its potential to help the Philippine power sector, Speaker Martin Romualdez said on Friday......»»

Category: newsSource:  philstarRelated NewsFeb 12th, 2023

FACT CHECK: YouTube video falsely claims Maharlika Investment Fund will use Marcos’ wealth

A YouTube video posted by ‘Filipino Future’ claimed the Maharlika Investment Fund will make use of former dictator Ferdinand Marcos’ wealth from his gold investments and other assets deposited in 170 bank accounts across different countries......»»

Category: newsSource:  davaotodayRelated NewsFeb 11th, 2023